The import of footwear, gaiters, and parts thereof to Turkey has shown a downward trend from 2013 to 2018, with a significant decrease in the import value, which dropped from 992.95 million USD in 2013 to 622.79 million USD in 2018. From 2019 onwards, there has been some fluctuation, but the import value remains relatively stable, with a slight increase noted from 2021 onwards, reaching 653.38 million USD in 2023.
The year-on-year variation for 2022 and 2023 is minimal at 0.041%, indicating a period of stabilization. Over the last five years leading up to 2023, the compound annual growth rate (CAGR) is 0.96%, suggesting a slight upward trend after previous years of decline. The forecast for the next five years shows a very modest growth rate with a 5-year CAGR of 0.03% and a forecasted value reaching 654.77 million USD by 2028.
Future trends to watch for include the global economic conditions that may impact import activity, shifts in consumer demand for footwear, and potential trade policy changes that could affect import costs and quantities. Monitoring these factors will be crucial to understanding and predicting the future movement in this market segment.
